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HomeCOINSStader BNBx (BNBX) Coin Guide & Detailed Review

Stader BNBx (BNBX) Coin Guide & Detailed Review

REVIEW OVERVIEW

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About Stader BNBx

Stader is a non-custodial smart contract-based staking platform that helps you conveniently discover and access staking solutions. They are building key staking middleware infra for multiple PoS networks for retail crypto users, exchanges and custodians. As per the network, after you send an unstaking request, you have to wait 7 days before your is unstaked and ready for withdrawal. This period starts at UTC 00:00 next day. Also, the network allows only a single unstaking request per address from a validator every 7 days.

So to optimize the wait time, Stader collects all unstaking requests accumulated over a week and sends them once every week. Hence the maximum time you would have to wait would be 15 days (including 7 days of unbonding period). After an unstake request is successful, an entry is created in the withdraw section with a release time. After the release time passes, the user can withdraw to their respective wallet.

BNBx Basic Points Table

Coin BasicInformation
Coin NameBNBx
Short NameBNBX
Circulating Supply25,818.13 BNBX
Total SupplyN/A
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Who Are The Founders of Stader BNBx

……………………………………………………………..?

What is Stader for BNB Chain?

Stader For chain is a trusted liquid staking solution for BNB backed by Binance Foundation. Stader lets users earn BNB staking rewards without needing to maintain infrastructure, and enables users to participate in other Defi Strategies while accruing rewards. Stader for chain gives you. Liquidity through tokenization – Users can participate in Defi using the liquid token. Ease of staking – User-centric design of Dapp to make staking seamless for users.

Release time is the local time of the user displayed on the ‘Withdraw’ Section of Dapp for active withdrawals, post which ‘withdraw’ button is activated. Release time = Unstaking time at which users unstaking request is successful + Unbonding time. No, in the shared pool approach, the exchange rate is not affected by unstaking is burnt and corresponding BNB (multiplied by exchange rate) is moved from staking contract to unstaking contract.

How does BNB staking on Stader work?

A token holder connects their wallet on the Stader Dapp and deposits tokens with your smart contract. They immediately receive the BNBx tokens representing their staked assets. As rewards for staking are added, the value of BNBx increases w.r.t BNB. There is a liquid token that represents your share of the total pool deposited with Stader. As soon as you deposit on the Stader smart contract, you receive newly minted, based on the exchange rate at the time of staking. As the rewards get added the value of increases.

Why Choose Stader BNBx

They are a battle-tested team that has deployed smart contracts for staking on multiple blockchain platforms. Stader and the Binance foundation have worked together to build a trusted and secure staking platform for token holders. Unbonding time is the interval after unstaking, post which the user is able to withdraw funds to their wallet. It is 7-15 days. You would be able to see the exact time and date in the Withdraw tab. They Network allows only a single unstaking request from an address every 7 days.

So to optimize the wait time, Stader collects all unstaking requests accumulated over a week and sends them once every week. Since there would be a time difference between your unstaked time and the request sent by Stader for unstaking to the network, there could be a change in exchange rate.(you can check the exchange rate calculation here). The exchange rate captured during the time Stader sends the unstaking request to the network would be considered for calculating the amount you would receive at withdrawal.

Where Can You Buy Stader BNBx (BNBx)?

Stader BNBx Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On ApeSwap (BSC), As It Has The Highest BNBX/WBNB.e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include BNBX/WBNB And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.

Market Screenshot

BNBx Market Screenshot

Stader BNBx Supported Wallet

Several Browser And Mobile App Based Wallets Support Stader BNBx. Here Is Example Of Wallet Which Support Stader BNBx – Trust Wallet For Hardware Ledger Nano.

FAQ Of Stader BNBx

Where I Can Find Stader BNBx Whitepaper?

You Can Find Stader BNBx Whitepaper By Clicking Here

Where I Can Buy/Sell Balancer Token?

You Can Buy or Sell Balancer Token On Some Popular Exchange For Example – PancakeSwap (V2),ApeSwap (BSC).

What is Circulating Supply Of Balancer Token?

Circulating Supply Of Balancer Token Is 25,818.13 BNBX.

Nile
Nile
Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .
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About Stader BNBx Stader is a non-custodial smart contract-based staking platform that helps you conveniently discover and access staking solutions. They are building key staking middleware infra for multiple PoS networks for retail crypto users, exchanges and custodians. As per the network, after you send...Stader BNBx (BNBX) Coin Guide & Detailed Review